Legendary Hospitality Brand Partners with World’s Largest Indoor Pickleball and Padel Facility Based In Scottsdale, Arizona
Caliber (NASDAQ: CWD) has announced that its joint venture PURE Pickleball & Padel™ has secured a 10-year exclusive agreement with Wolfgang Puck Catering for its upcoming facility in Scottsdale, Arizona. The partnership will cover food and beverage services across multiple venues within the facility.
The development, situated on an 11+ acre site in the Riverwalk Development Project, aims to be the world's largest indoor pickleball and padel facility. The 196,726 square feet state-of-the-art complex will feature a 1,200-seat pro arena, 40 indoor pickleball courts, 8 indoor padel courts, and various amenities including a sports performance center, restaurant, and rooftop patio.
The project is funded through Caliber's Pickleball at Riverwalk Fund, accepting investments from accredited investors and qualified opportunity zone funds (QOFs).
Caliber (NASDAQ: CWD) ha annunciato che la sua joint venture PURE Pickleball & Padel™ ha ottenuto un accordo esclusivo di 10 anni con Wolfgang Puck Catering per la struttura in arrivo a Scottsdale, Arizona. La collaborazione garantirà i servizi di ristorazione e beverage in più aree della struttura.
Il progetto, situato su un terreno di oltre 11 acri nel Riverwalk Development Project, punta a diventare il più grande impianto coperto al mondo dedicato a pickleball e padel. Il complesso all’avanguardia di 196.726 piedi quadrati comprenderà un arena professionale da 1.200 posti, 40 campi coperti per pickleball, 8 campi coperti per padel e vari servizi come un centro di performance sportiva, un ristorante e un patio sul tetto.
Il progetto è finanziato tramite il Pickleball at Riverwalk Fund di Caliber, che accoglie investimenti da investitori accreditati e da fondi di opportunità qualificati (QOF).
Caliber (NASDAQ: CWD) ha anunciado que su empresa conjunta PURE Pickleball & Padel™ ha asegurado un acuerdo exclusivo de 10 años con Wolfgang Puck Catering para su próxima instalación en Scottsdale, Arizona. La alianza cubrirá los servicios de comida y bebida en varios espacios de la instalación.
El desarrollo, ubicado en un terreno de más de 11 acres dentro del Riverwalk Development Project, aspira a ser la mayor instalación cubierta del mundo dedicada al pickleball y al padel. El complejo de 196.726 pies cuadrados de última generación contará con una arena profesional de 1.200 asientos, 40 pistas cubiertas de pickleball, 8 pistas cubiertas de padel y diversas comodidades, entre ellas un centro de rendimiento deportivo, un restaurante y una terraza en la azotea.
El proyecto se financia mediante el Pickleball at Riverwalk Fund de Caliber, que acepta inversiones de inversores acreditados y de fondos de zonas de oportunidad cualificadas (QOF).
Caliber (NASDAQ: CWD)는 합작법인 PURE Pickleball & Padel™이 애리조나 스코츠데일에 들어설 시설에 대해 Wolfgang Puck Catering와 10년 독점 계약을 체결했다고 발표했습니다. 이 파트너십은 시설 내 여러 장소의 식음료 서비스를 포함합니다.
리버워크 개발 프로젝트의 11에이커 이상 부지에 위치한 이 개발 사업은 세계 최대 규모의 실내 피클볼·파델 시설을 목표로 합니다. 196,726 평방피트 규모의 최첨단 단지는 1,200석 규모의 프로 아레나, 실내 피클볼 코트 40면, 실내 파델 코트 8면과 스포츠 퍼포먼스 센터, 레스토랑, 옥상 파티오 등 다양한 편의시설을 갖출 예정입니다.
이 프로젝트는 Caliber의 Pickleball at Riverwalk Fund를 통해 자금 조달되며, 공인 투자자와 적격 기회 구역 펀드(QOF)의 투자를 수용합니다.
Caliber (NASDAQ: CWD) a annoncé que sa coentreprise PURE Pickleball & Padel™ a conclu un contrat exclusif de 10 ans avec Wolfgang Puck Catering pour son futur complexe à Scottsdale, Arizona. Ce partenariat couvrira les services de restauration et boissons dans plusieurs espaces du site.
Le développement, implanté sur un terrain de plus de 11 acres dans le cadre du Riverwalk Development Project, vise à devenir la plus grande installation intérieure de pickleball et padel au monde. Le complexe ultramoderne de 196 726 pieds carrés comprendra une arena professionnelle de 1 200 places, 40 courts intérieurs de pickleball, 8 courts intérieurs de padel et diverses commodités, dont un centre de performance sportive, un restaurant et une terrasse sur le toit.
Le projet est financé par le Pickleball at Riverwalk Fund de Caliber, qui accepte les investissements d'investisseurs accrédités et de fonds de zones d'opportunité qualifiés (QOF).
Caliber (NASDAQ: CWD) hat bekanntgegeben, dass sein Joint Venture PURE Pickleball & Padel™ einen 10-jährigen Exklusivvertrag mit Wolfgang Puck Catering für die kommende Anlage in Scottsdale, Arizona, abgeschlossen hat. Die Partnerschaft umfasst die Verpflegungs- und Getränkeversorgung in mehreren Bereichen der Anlage.
Das Projekt auf einem über 11 Acre großen Grundstück im Riverwalk Development Project hat das Ziel, die weltweit größte Indoor-Pickleball- und Padel-Anlage zu werden. Der 196.726 Quadratfuß große Hightech-Komplex wird eine 1.200 Plätze fassende Profi-Arena, 40 Indoor-Pickleball-Felder, 8 Indoor-Padel-Felder sowie verschiedene Annehmlichkeiten wie ein Leistungszentrum für Sport, ein Restaurant und eine Dachterrasse bieten.
Das Projekt wird über Calibers Pickleball at Riverwalk Fund finanziert, der Investitionen von akkreditierten Investoren und von qualifizierten Opportunity-Zone-Fonds (QOFs) annimmt.
- Strategic 10-year exclusive partnership with premium brand Wolfgang Puck Catering
- Facility will be the world's largest indoor pickleball and padel complex at 196,726 square feet
- Diverse revenue streams through multiple amenities including pro arena, courts, restaurant, and event spaces
- Project qualifies as a qualified opportunity zone business (QOZB) offering tax advantages for investors
- Significant capital investment required for large-scale facility development
- Success depends on sustained growth and interest in pickleball and padel sports
- Long-term 10-year commitment to single catering provider carries operational risks
Insights
Caliber's PURE facility secures prestigious Wolfgang Puck partnership, enhancing revenue potential for this ambitious sports-entertainment development.
Caliber's strategic partnership with Wolfgang Puck Catering represents a significant enhancement to their PURE Pickleball & Padel development, adding considerable brand value and revenue diversification to what was already positioned as a landmark facility. The 10-year exclusive agreement extends beyond simple food service, encompassing comprehensive hospitality operations across multiple venue spaces including restaurants, bars, VIP areas, and event spaces.
The nearly 200,000 square foot facility aims to be the world's largest indoor pickleball and padel complex, located in the commercially attractive Talking Stick Entertainment District near Scottsdale. What's particularly noteworthy is the co-marketing arrangement between PURE and Wolfgang Puck Catering, which creates potential for high-margin corporate and social events blending sports activities with premium culinary experiences.
This development leverages two significant trends: the explosive growth of pickleball (America's fastest-growing sport) and the continued premium consumers place on experiential entertainment venues. By securing a globally recognized hospitality partner, Caliber strengthens the facility's ability to attract clientele beyond just sports enthusiasts, potentially increasing foot traffic and per-visitor spending.
For investors, this development has been structured through the Pickleball at Riverwalk Fund, allowing participation from both accredited investors and qualified opportunity zone funds. The partnership with Wolfgang Puck substantially derisks the food and beverage component of the business model, replacing operational uncertainty with the proven expertise of a premium hospitality brand, potentially improving projected returns for the development's investors.
Caliber’s Joint Venture Development, PURE Pickleball & Padel, Announces Agreement with Wolfgang Puck Catering
SCOTTSDALE, Ariz., Aug. 19, 2025 (GLOBE NEWSWIRE) -- Caliber (NASDAQ: CWD), a real estate investor, developer, and manager, today announced that its joint venture development, PURE Pickleball & Padel™ (“PURE”) has signed a 10-Year, exclusive agreement with Wolfgang Puck Catering, a premium catering, corporate dining and hospitality company. Wolfgang Puck Catering will serve as the exclusive food and beverage services provider for PURE’s first floor restaurant and bar, grab-and-go marketplace, pro arena concessions; second floor special events space, teaching kitchen, VIP lounge, and rooftop patio and bar. Unique to this project, PURE and Wolfgang Puck Catering will co-market corporate and social events that blend sports and entertainment, world-class pickleball and padel events as well as exhibitions featuring culinary activities that inspire creativity and collaboration including hands-on cooking, custom menus, and educational interaction with world-class chefs.
PURE Pickleball & Padel™ is developing an 11+ acre site in the Riverwalk Development Project located in the Talking Stick Entertainment District, a 100-acre site adjacent to Scottsdale. PURE will be a world-class pickleball and padel facility and pro arena and seeks to claim the title of the largest indoor pickleball and padel facility in the world. The 196,726 square feet state-of-the-art facility will boast a 1,200-seat pro arena, 40 indoor pickleball courts, 8 indoor padel courts, sports performance and recovery fitness center by HonorHealth™, restaurant and bar by Wolfgang Puck Catering, pro shop, locker rooms and spa, special event spaces, rooftop patio and bar, meeting spaces, childcare and other amenities.
Pamela Brunson, President of Wolfgang Puck Catering, said, “Racquet sports have long been popular, but it’s been exciting to see the rise of pickleball and padel and the positive impact they’re having both in the U.S. and around the world. This new partnership brings the best of two leading brands together and will deliver a world-class experience to guests.”
Chris Loeffler, CEO of Caliber, said, “We are excited to partner with Wolfgang Puck Catering, a renowned brand in the food service industry that fits our vision for PURE Pickleball & Padel™ as a premier destination for the sport’s enthusiasts and first class social and culinary experiences.”
Kevin J. Berk, Co-Founder & CEO of PURE, said, “PURE engaged Wolfgang Puck Catering in a strategic opportunity to develop a show-site for culinary excellence at what will be the most iconic pickleball and padel facility in the world.”
For developing PURE, Caliber created the Pickleball at Riverwalk Fund, a single asset offering designed to invest in real estate, land sublease, and business operations. This offering is active and allows for direct investment from accredited investors as well as qualified opportunity zone funds (QOFs) seeking to allocate capital to a potentially attractive qualified opportunity zone business (QOZB). Caliber has designed the offering for broad participation, seeking Pickleball & Padel enthusiasts who are looking for exposure to the two fastest growing sports in the United States and the World.
For more information on the project, visit Caliber’s website.
PURE exterior rendering
PURE interior rendering
About Caliber (CaliberCos Inc.)
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About PURE Pickleball & Padel
PURE Pickleball & Padel has partnered with Caliber to build the world's largest indoor pickleball & Padel facility and pro arena in Scottsdale, Arizona, with a target opening date of late 2026. The 196,726 square feet state-of-the-art facility will boast 48 indoor courts (40 Pickleball and 8 Padel), a 1,200-seat pro arena, along with country club level amenities that include a restaurant and bar, retail pro shop, gym, recovery spaces, VIP lounge, office space, childcare and teen room. PURE is a member-focused, program-driven concept that will connect the two fastest growing sports in the world with the Scottsdale community across all ages, skill levels, and backgrounds. With an estimated 500,000 visits annually, the facility plans to host the largest pickleball/padel tournaments in the world.
About Wolfgang Puck Catering
At Wolfgang Puck Catering, we believe in more than just crafting exquisite dishes. We believe in the transformative magic of food, the alchemy that occurs when passion meets fresh, farm-to-table ingredients. Austrian-born chef Wolfgang Puck founded our chef-driven organization in 1998 with the belief that guests want restaurant-quality food and service in non-traditional settings. We have since expanded our footprint nationally, bringing restaurant-style dining and catering services to cultural centers, entertainment and corporate locations in major markets including Dallas, Austin, Houston, Los Angeles, San Francisco, San Diego, Seattle, Chicago, Philadelphia and Atlanta.
Forward-Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will,” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the final prospectus related to the Company’s public offering filed with the SEC and other reports filed with the SEC thereafter. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.
CONTACTS:
Caliber Investor Relations:
Ilya Grozovsky
+1 480-214-1915
Ilya@CaliberCo.com
PURE Pickleball & Padel
Kevin J. Berk – Co-Founder & CEO
+1 480-861-7474
Kevin@purepickleball.com
Wolfgang Puck Catering
Susan Hosmer
Susanhosmer@gmail.com
Stephanie Davis
sldavislv@gmail.com
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/a17c4355-0dbd-46ce-8a1e-719d0649fc24
https://www.globenewswire.com/NewsRoom/AttachmentNg/f5ae3160-dad0-437e-8dd7-3a5d168c7722
FAQ
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